Markets were higher again today as buying continued on Lower Volume. The S&P needs to Close above Green Line of 2726.
Short Term the Markets are becoming over-bought as the DOW Index has rallied 1200 point from the Low.
Be careful Buying now for Short Term Trading (maybe another dip back down soon).
Crude Oil is down again at $63.75.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
I INTELSAT GLOBAL Medium Term Buy today. Target is $37.00. Place Sell Stop Loss below recent Support of $23.05 on the Close.
Money Wave Buys Signals Soon:
AMD ADVANCED MICRO Wait for pull-back around $18.50.
AMZN AMAZON.COM Wait for Medium Term Buy.
CGC CANOPY GROWTH CORP. Wait for Medium Term Buy.
FTNT FORTINET INC. Buy Stop Above $83.96.
ROKU ROKU, INC. Wait for pull-back around $53.
PYX PYXUS INT’L. INC. Relative Strength is Below 90.
SQ SQUARE, INC. Wait for pull-back around $69.
USO US OIL FUND Wait for 2nd Buy.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
LOWER the Sell Stop Loss on USO US OIL FUND to today’s Low of $13.37 on the Close. USO is back down in the Green Zone.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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